Category Archives: Estate

Estate planning for young adults

A2It is very important for you to plan your estate, which could include a living will, a last will and a living trust. This can help families prepare for difficult times when you are no longer around to assist or advise them.

Our lives get busier and more complicated by the day, so estate planning for young and old becomes increasingly important. Young people should consider preparing certain estate planning documents, and in particular financial powers of attorney and living wills.

At the age of 18 a young man or woman officially becomes an adult in the eyes of the world. This means that you are entitled to make important financial, legal or health decisions about your lives. But what if something happens and you are unable to make these decisions at a critical time? Such situations can range from a small inconvenience to a life-threatening crisis, but if your estate is in order, it can speak on your behalf. Consider the following: 

Financial power of attorney

A financial power of attorney allows you to appoint someone you trust, like another family member, to make financial decisions on your behalf. This document can be activated when you are incapacitated or right after it has been signed, and it will remain effective until you can resume charge of your own decisions again.

A financial durable power of attorney will allow the appointed person to handle important legal and financial matters on behalf of the grantor. In the case of a business or financial situation which involves the young adult, such as a passport or car registration renewal, it is convenient for the power of attorney to act on his/her behalf if they cannot tend to the problem. This arrangement may come in very handy when there is a legal situation which requires quick action and the young adult is unable to attend. Families with a disabled family member can also benefit from the security of a power of attorney. 

Living will

A living will enables you to state specific medical wishes if you are alive, but unable to communicate them. Artificial life support in the case of a coma or terminal illness is an issue often discussed in such a document. Preferences regarding administering of pain medication, artificial nutrition and other treatments can be dictated in this document.

The Terry Shaivo case shows what can happen if this document is not in place. The legal battle between her husband, family and state of Florida lasted for years before she was granted her wish and taken off life support. 

Health care power of attorney

With this type of power of attorney, you give someone else the power to make health decisions on your behalf. These decisions regarding serious health and emotional crises will be made based on instructions which you have given to your power of attorney beforehand. Sometimes a living will is combined with a health care power of attorney, because both of these can be revoked, i.e. it can be cancelled at any time by destroying it, communicating your wishes to your doctor, writing a letter regarding the cancellation or by creating a new living will and health care power of attorney, indicating that the new will revokes all the previous ones. 

Start the conversation

Every family’s legal needs are different, so perhaps you should take the first step in being prepared for the worst. Remember that every time your family composition changes, like when a child is born, you need to adapt your will to include them. Start the process and be prepared.

This article is a general information sheet and should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice. 

Implications of estate duty

A3Estate duty is charged on the dutiable value of the estate in terms of the Estate Duty Act. The general rule is that if the taxpayer is ordinarily resident in South Africa at the time of death, all of his/her assets (including deemed property), wherever they are situated, will be included in the gross value of his/her estate for the determination of duty payable thereon.

The current estate duty rate is 20% of the dutiable value of the estate. Foreigners/non-residents also pay estate duty on their South African property.

To minimise the effects of estate duty you need to understand the calculation thereof. The following provisions apply in determining your liability:

  1. Which property is to be included.
  2. Which property constitutes “deemed property”.
  3. Allowable deductions: the possible deductions that are allowed when calculating estate duty. 

Property includes all property, or any right to property, including immovable or movable, corporeal or incorporeal – registered in the deceased’s name at the time of his/her death. It also includes certain types of annuities, and options to purchase land or shares, goodwill, and intellectual property. 

Deemed property

A.  Insurance policies

  • Includes proceeds of domestic insurance policies (payable in South Africa in South African currency [ZAR]), taken out on the life of the deceased, irrespective of who the owner (beneficiary) is.
  • The proceeds of such a policy are subject to estate duty, however this can be reduced by the amount of the premiums, plus interest at 6% per annum, to the extent that the premiums were paid by a third person (the beneficiary) entitled to the proceeds of the policy. Premiums paid by the deceased himself/herself are not deductible from the proceeds for estate duty purposes.
  • If the proceeds of a policy are payable to the surviving spouse or a child of the deceased in terms of a properly registered antenuptial contract (i.e. registered with the Deeds Office) the policy will be totally exempt from estate duty.
  • Where a policy is taken out on each other’s lives by business partners, and certain criteria are met, the proceeds are exempt from estate duty.

B.  Benefits payable by pension and other funds by or as a result of the death of the deceased

Payments by such funds (pension, retirement annuity, provident funds) usually consist of two components – a lump sum payment on death and an annuity afterwards. The lump sum component used to be subject to estate duty. However as from 1 January 2009, no amount received from such a fund is included in the estate of the deceased for estate duty purposes.

C.  Donations at date of death

Donations where the donee will not benefit until the death of the donor and where the donation only materialises if the donor dies, are not subject to donations tax. These have to be included as an asset in the deceased estate and are subject to estate duty.

D.  Claims in terms of the Matrimonial Property Act (accrual claim)

An accrual claim that the estate of a deceased has against the surviving spouse is property deemed to be property in the deceased estate.

E.  Property that the deceased was competent to dispose of immediately prior to his/her death (Section 3(3)(d) of the Estate Duty Act),  like donating an asset to a trust, may be included as deemed property. 

Deductions

Some of the most important allowable deductions are:

    1. The cost of funeral, tombstone and deathbed expenses.
    2. Debts due at date of death to persons who have their ordinary residence in South Africa.
    3. The extent to which these debts are to be settled from property included in the estate. This includes the deceased’s income tax liability (which includes capital gains tax) for the period up to the date of death.
    4. Foreign assets and rights:
      • The general rule is that foreign assets and rights of a South African resident, wherever situated, are included in his/her estate as assets.
      • However, the value thereof can be deducted for estate duty purposes where such foreign property was acquired before the deceased became ordinarily resident in South Africa for the first time, or was acquired by way of donation or inheritance from a non-resident, after the donee became ordinarily resident in South Africa for the first time (provided that the donor or testator was not ordinarily resident in South Africa at the time of the donation or death). The amount of any profits or proceeds of any such property is also deductible.
    5. Debts and liabilities due to non-residents:
      • Debts and liabilities due to non-residents are deductible but only to the extent that such debts exceed the value of the deceased’s assets situated outside South Africa which have not been included in the dutiable estate.
    6. Bequests to certain public benefit organisations:
      • Where property is bequeathed to a public benefit organisation or public welfare organisation which is exempt from income tax, or to the State or any local authority within South Africa, the value of such property will be able to be deducted for estate duty purposes.
    7. Property accruing to a surviving spouse [Section 4(q)]:
      • This includes that much of the value of any property included in the estate that has not already been allowed as a deduction and accrues to a surviving spouse.
      • Note that proceeds of a policy payable to the surviving spouse are required to be included in the estate for estate duty purposes (as deemed property), but that this is deductible in terms of Section 4(q).
      • Section 4(q) deductions will not be granted where the property inherited is subject to a bequest price.
      • Section 4(q) deductions will not be granted where the bequest is to a trust established by the deceased for the benefit of the surviving spouse, if the trustee(s) has/have discretion to allocate such property or any income out of it to any person other than the surviving spouse (a discretionary trust). Where the trustee(s) has/have no discretion as regards both the income and capital of the trust, the Section 4(q) deduction may be granted (a vested trust). 

Portable R3.5 million deduction between spouses

The Act allows for the R3.5 million deduction from estate duty to roll over from the deceased to a surviving spouse so that the surviving spouse can use a R7 million deduction amount on his/her death. The portability of the deduction will only apply when the entire value of the estate of the first dying spouse is left to the surviving spouse. 

Life assurance for estate duty

Estate duty will also normally be leviable on these assurance proceeds.

Source: Moore Stephens’ Estate Planning Guide.

This article is a general information sheet and should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice.

What is the cost of my estate duty?

A2In terms of the stipulations of Article 4 of the Act on Estate Duty No 45 of 1955 certain deductions (known as rebates) from the net value of an estate are allowed in order to determine the final value of the estate which will be subject to estate duty.

The following two rebates are the most well-known:

  • Article 4(q) – This is the total value of all the benefits bequeathed to the surviving spouse. The value of a usufruct also qualifies as an Article 4(q) rebate; and
  • Article 4A – This is the value of the rebate applied to all estates, which is currently R3.5 million.

Given the value of the Article 4A rebate you can rest assured that your estate will not be accountable for estate duty if the net value (assets minus liabilities) is less than R3.5 million. The amount with which your estate exceeds R3.5 million will, however, be taxable for estate duty at 20%.

The Taxation Laws Amendment Act amended the Article 4A rebate by allowing the part of the R3.5 million rebate not used by the estate of the first deceased to be carried over to the estate of the surviving spouse. This amendment applies to the estates of everyone passing away after 1 January 2010.

The carried over rebate between spouses can be illustrated with the following example:

  • Mr A, who is married to Mrs A, passes away. The net value of his estate is R800 000 after the rebate according to Article 4(q) has been calculated.
  • This amount is bequeathed to his children and therefore not deductible for estate duty.
  • There is no accountability for estate duty as Mr A’s estate only used R800 000 of the Article 4A rebate of R3.5 million.
  • At Mrs A’s passing the net value of her estate is R8 million. The following rebate is applicable to her estate: Article 4A rebate to the value of R7 million minus the R800 000 deduction already utilised in the estate of Mr A.
  • Mrs A’s estate will therefore pay estate duty on R1.8 million (R8 million minus R6.2 million).
  • R1.8 million @ 20% = R360 000.

We have to put the utmost stress on the importance of estate planning and a will which gives you the best benefits regarding the composition of your assets and liabilities should the net value of your estate exceed R3.5 million. This does not mean that the use of trusts becomes obsolete in estate planning due to the larger rebate in the surviving spouse’s estate. There are still valid reasons why the bequeathment of a trust by the first deceased is an excellent option, even though it does not initially effect a saving in estate duty. In case of such a trust the assets can be managed by the trustees to the benefit of the surviving spouse and children. A small effort today for much peace of mind tomorrow!

This article is a general information sheet and should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice.

Implikasies van boedelbelasting

A1Boedelbelasting word, kragtens die Wet op Boedelbelasting, gehef op die belasbare waarde van die boedel.

Die algemene reël is dat indien die belastingbetaler gewoonlik in Suid-Afrika woonagtig is ten tye van sy/haar dood, al die bates (insluitend eiendom geag eiendom te wees), waar ook al geleë, ingesluit sal word in die bruto waarde van die boedel vir die bepaling van die boedelbelasting daarop betaalbaar.

Tans bedra boedelbelasting 20% van die belasbare waarde van die boedel. Buitelanders/nie-inwoners betaal ook boedelbelasting op hulle eiendom in Suid-Afrika.

Om die gevolge van boedelbelasting te minimaliseer moet mens die berekening daarvan verstaan. Die volgende is van toepassing in die bepaling van jou aanspreeklikheid:

  1. Watter eiendom ingesluit moet word.
  2. Watter eiendom “geagte eiendom” is.
  3. Toelaatbare aftrekkings: die moontlike aftrekkings wat toegelaat word by die bereddering van die boedel.

Eiendom sluit in alle eiendom of enige reg op eiendom, inbegrepe roerende of onroerende, liggaamlike of onliggaamlike eiendom wat geregistreer is in die oorledene se naam tydens sy/haar dood. Dit sluit ook sekere tipes annuïteite, opsies om grond of aandele te koop, welwillendheid en intellektuele eiendom in.

Geagte eiendom

A.        Versekeringspolisse

i)    Sluit opbrengste in van binnelandse versekeringspolisse [betaalbaar in Suid-Afrika in die Suid-Afrikaanse geldeenheid (ZAR)], uitgeneem op die lewe van die oorledene, ongeag wie die eienaar (begunstigde) is.

ii)   Die opbrengs van so ‘n polis is onderhewig aan boedelbelasting. Dit kan egter verminder word met die bedrag van die premies, plus rente teen 6% per jaar, in die mate wat die premies deur ‘n derde persoon (die begunstigde) wat geregtig is op die opbrengs van die polis, betaal is. Premies betaal deur die oorledene is nie vir boedelbelastingdoeleindes aftrekbaar van die opbrengs nie.

iii) As die opbrengs van ‘n polis betaalbaar is aan die langslewende eggenoot of aan ‘n kind van die     oorledene kragtens ‘n behoorlik geregistreerde huweliksvoorwaardekontrak (d.w.s. geregistreer by die Aktekantoor) sal die polis geheel en al vrygestel wees van boedelbelasting.

iv) Waar ‘n polis deur besigheidsvennote uitgeneem word op mekaar se lewens en daar aan sekere kriteria voldoen word, word die opbrengs van boedelbelasting vrygestel.

B.      Voordele betaalbaar deur pensioen- en ander fondse deur of as gevolg van die dood van die oorledene

Betalings deur sodanige fondse (pensioen-, aftree-annuïteit-, voorsorgfondse) bestaan ​​gewoonlik uit twee komponente – ‘n enkelbedrag by die dood en ‘n annuïteit daarna. Die enkelbedragkomponent was vroeër onderhewig aan boedelbelasting maar vanaf 1 Januarie 2009 word geen bedrag wat ontvang is van so ‘n fonds, ingesluit by die boedel van die oorledene vir boedelbelastingdoeleindes nie.

C.      Skenkings ten tye van dood

Skenkings waar die begunstigde nie sal baat tot en met die afsterwe van die skenker nie, en waar die skenking slegs realiseer as die skenker te sterwe kom, is nie onderworpe aan skenkingsbelasting nie. Dit moet ingesluit word as ‘n bate in die oorledene se boedel en is onderhewig aan boedelbelasting.

D.      Eise kragtens die Wet op Huweliksgoedere (aanwaseise)

‘n Aanwas eis wat die boedel van ‘n oorledene teen die langslewende gade het, is eiendom geag eiendom te wees in die oorledene se boedel.

E.      Eiendom wat die oorledene by magte was om te vervreem onmiddellik voor sy dood (Artikel 3(3)(d) van die Wet op Boedelbelasting), soos byvoorbeeld om ‘n bate aan ‘n trust te skenk, kan beskou word geagte eiendom te wees.

Aftrekkings

Sommige van die belangrikste toelaatbare aftrekkings is die volgende:

1.   Die koste van die begrafnis, grafsteen en sterfbeduitgawes.

2.   Skulde wat op datum van afsterwe verskuldig is aan persone wat primêr woonagtig is in Suid-Afrika.

3.   Die mate waarin hierdie skulde vereffen moet word uit eiendom ingesluit in die boedel. Dit sluit in die oorledene se inkomstebelasting betaalbaar (ook kapitaalwinsbelasting) tot en met datum van afsterwe.

4.   Buitelandse bates en regte

  • Die algemene reël is dat buitelandse bates en regte van ‘n Suid-Afrikaanse burger, waar ook al geleë, as ‘n bate by sy boedel ingesluit is.
  • Die waarde daarvan kan egter afgetrek word vir boedelbelastingdoeleindes waar sodanige buitelandse eiendom verkry is voor die oorledene vir die eerste keer gewoonlik woonagtig in Suid-Afrika geword het, of die eiendom bekom is by wyse van skenking of erflating van ‘n nie-burger nadat die begunstigde vir die eerste keer gewoonlik woonagtig in Suid-Afrika geword het (met dien verstande dat die skenker of erflater nie gewoonlik woonagtig in Suid-Afrika was ten tye van die skenking of dood nie). Die bedrag van enige winste of opbrengs van enige sodanige eiendom is ook aftrekbaar.

5.   Skulde en laste verskuldig aan nie-inwoners

Skulde en laste verskuldig aan nie-inwoners is aftrekbaar, maar slegs in die mate wat sodanige skuld die waarde van die oorledene se bates geleë buite Suid-Afrika wat nie in die belasbare boedel ingesluit is nie, oorskry.

6.  Bemakings aan sekere openbare weldaadorganisasies

Waar eiendom bemaak is aan openbare weldaad- of welsynsorganisasies wat vrygestel is van inkomstebelasting, of aan die Staat of enige plaaslike owerheid in Suid-Afrika, sal die waarde van sulke eiendom van boedelbelasting afgetrek kan word.

7.   Eiendom bemaak aan langslewende gade [Artikel 4(q)]

  • Dit sluit in daardie deel van die waarde van die eiendom wat aan die langslewende gade bemaak is en wat nog nie as ‘n aftrekking toegelaat is nie.
  • Let daarop dat die opbrengs van ‘n polis betaalbaar aan die langslewende gade, as geagte eiendom in die boedel ingesluit word vir boedelbelastingdoeleindes, maar dat dit  aftrekbaar is kragtens Artikel 4(q).
  • Artikel 4 (q)-aftrekkings sal nie toegestaan ​​word waar die eiendom wat geërf is onderhewig is aan ‘n erflatingsprys nie.
  • Artikel 4 (q)-aftrekkings sal nie toegestaan word waar die bemaking is aan ‘n trust wat tot die voordeel van die langslewende gade geskep is, indien die trustee(s) ‘n diskresie het om sodanige eiendom of enige inkomste daaruit aan enige ander persoon buiten die langslewende gade te allokeer nie (‘n diskresionêre trust). Waar die trustee(s) geen diskresie met betrekking tot beide die inkomste en kapitaal van die trust het nie, kan die Artikel 4 (q)-aftrekking toegestaan word (‘n gevestigde trust).

Toelaatbare R 3.5 miljoen-afrekking tussen gades

Die Wet maak voorsiening dat die R3.5 miljoen-aftrekking van boedelbelasting van die oorledene verplaas kan word na die langslewende gade sodat die langslewende gade ‘n R7 miljoen-aftrekking kan gebruik by sy/haar dood. Die verplaasbaarheid van die aftrekking is slegs van toepassing as die hele waarde van die boedel van die eerssterwende gade nagelaat is aan die langslewende gade.

Lewensversekering vir boedelbelasting

Boedelbelasting sal normaalweg ook gehef word op hierdie versekeringsopbrengste.

Met erkenning aan:  Moore Stephens se “Estate Planning Guide”.

Hierdie artikel is ‘n algemene inligtingstuk en moet nie gebruik of staatgemaak word op as professionele advies nie. Geen aanspreeklikheid kan aanvaar word vir enige foute of weglatings of vir enige verlies of skade wat voortspruit uit vertroue op enige inligting hierin nie. Kontak atyd jou finansiële adviseur vir spesifieke en gedetailleerde advies.

Sekere riglyne vir boedelbeplanning.

A3Die hoofdoel met boedelbeplanning is om toe te sien dat soveel as moontlik van jou geakkumuleerde rykdom vir jou eie voordeel aangewend word en vir die maksimum voordeel van jou afhanklikes by jou dood.

“Boedelbeplanning” word gedefinieer as die proses waarin ‘n program geskep en bestuur word om:

  1. Jou bates tydens jou leeftyd in stand te hou, te vermeerder en te beskerm;
  2. Die mees effektiewe en voordelige verdeling daarvan aan opvolgende generasie te verseker. 

Daar bestaan ‘n algemene wanindruk dat boedelbeplanning net handel met die maak van ‘n testament of om jou sake so te reël dat boedelbelasting bespaar word.

Elke persoon se boedel is uniek en dus behoort die struktuur volgens hy/sy eie unieke behoeftes en doelwitte opgestel te word.

Die tekort aan likiditeit by afsterwe kan uiteraard baie druk plaas op die oorblywende familie van ‘n oorledene, omdat die tekort aan kontant kan veroorsaak dat die eksekuteur bates sal moet verkoop om kontant te genereer.

Likiditeit beteken daar moet genoeg kontant beskikbaar wees om:

  1. Boedelbelasting te betaal;
  2. Boedeluitgawes en administrasie koste te betaal;
  3. Voorsiening te maak vir belasting verpligtinge wat met dood mag ontstaan soos kapitaal wins belasting. 

Tegnies word die boedel gevries totdat die Meester van die Hooggeregshof Eksekuteursbriewe uitgereik het.

Afsterwe sonder ‘n geldige testament, beteken dat jou boedel intestaat mee gehandel sal word, en die wetgewing oor intestate erfopvolging sal geld. Die wet op Intestate erfopvolging bepaal dat die langslewende eggenoot erf die grootste gedeelte van R125 000.00 of ‘n kindsdeel. ‘n Kindsdeel word bepaal deur die totale waarde van die boedel deur die hoeveelheid kinders en die oorlewende eggenoot te deel.

Waar partye binne gemeenskap van goed getroud is, gaan een helfte van die boedel na die langslewende eggenoot as gevolg van die huwelik , en die ander helfte vererf volgens die intestate erfopvolging. Indien daar geen oorlewende eggenoot of afhanklikes is nie , word die boedel verdeel tussen die ouers en kinders. Waar daar geen ouers of kinders is nie word dit verdeel tussen die naaste bloedverwante.

‘n Eksekuteur is geregtig op die volgende vergoeding:

  1. ‘n ooreengekome vergoeding in die Testament:
  2. 3.5% van die bruto bate waarde; of
  3. 6% op die inkomste wat na dood die boedel toeval. 

Eksekuteurs vergoeding is onderhewig aan BTW waar die eksekuteur so geregistreer is.

Indien die waarde van die boedel meer as R3,5 miljoen rand beloop, is boedelbelasting  betaalbaar op die balans meer as die R3,5miljoen, met die uitsondering van eiendom wat aan ‘n langslewende eggenoot bemaak is, aangesien dit vrygestel is van boedelbelasting en/of kapitaalwins belasting.

Artikel 3 van die Wet op die Onderverdeling van Landbougrond, verhoed die onderverdeling van landbougrond,  en die registrasie van onverdeelde aandele in meer as een persoon se naam en is dit onderhewig aan die Minister se goedkeuring.

‘n Minderjarige is ‘n kind jonger as 18 jaar, en enige bemakings aan so persoon word in die Voogdy fonds gehou, wat onder die administrasie van die Meester van die Hooggeregshof val. Hierdie fondse is nie vrylik beskikbaar nie en word gewoonlik belê teen onder markverwante rente koerse. Dit is dus aan te bevele dat voorsiening vir minderjarige kinders gemaak moet word deur ‘n trust.

Die Wet op Beslote Korporasies bepaal dat onderhewig aan ‘n samewerkings ooreenkoms, waar ‘n erfgenaam ‘n ledebelang moet erf (in terme van ‘n testament), moet die toestemming van die oorblywende lede (indien enige ) verkry word. Indien toestemming nie gegee word binne 28 dae nadat die versoek is deur die eksekuteur nie, is die eksekuteur verplig om die ledebelang te verkoop.

Artikel 3(3)(d) van die Boedelbelasting wet bepaal dat waar bates aan ‘n trust oorgedra word gedurende die boedel beplanner se leeftyd, maar hy/sy as trustee die mag behou wat hom/haar sou toelaat om eensydiglik van trust bates ontslae te raak vir sy eie of sy  begunstigdes se voordeel, dan mag dit wees dat sulke bates beskou kan word as sy/haar eie en deel sal vorm van sy/haar boedel vir doeleindes van boedelbelasting.

Waar partye getroud is binne gemeenskap van goed  het die oorlewende eggenoot ‘n eis vir 50% van die gekombineerde boedel, wat die werklike waarde van die boedel met 50% verminder. Die boedel word verdeel nadat al die skuld in die oorlye boedel betaal is (uitgesluit begrafnis koste en boedelbelasting, omdat hierdie verpligtinge van die bestorwe boedel is en nie die gesamentlike boedel nie). Slegs helfte van die bates in so boedel kan dus bemaak word.

Polisse wat uitgesluit is van insluiting vir doeleindes van boedelbelasting is, koop en verkoop, sleutelman polisse, en daardie polisse gesedeer aan ‘n eggenoot of kind in terme van ʼn huwelikskontrak.

Die opbrengs van lewensversekerings polisse kan gebruik word om:

  1. Inkomste te genereer om na afhanklikes om te sien terwyl met die boedel gehandel word;
  2. Boedel uitgawes te betaal, begrafniskoste, inkomste belasting, boedel administrasie en boedelbelasting. 

Die opbrengs van alle Suid Afrikaanse “huishoudelike “ polisse uitgeneem op die beplanner se lewe, en waar daar geen begunstigde genomineer is nie, sal binne die bestorwe boedel val.

Waar ‘n begunstigde wel genomineer is op die polis, sal die opbrengs geagte bates in die boedel te wees vir boedelbelasting doeleindes, afgesien daarvan dat die opbrengs direk betaal word aan die begunstigde (onderhewig aan die gedeeltelike uitsluitings gebaseer op die polis premies).

“Policies which are exempted from inclusion for estate duty purposes are buy and sell, key man policies, and those policies ceded to a spouse or child in terms of an antenuptial contract”.

Sekere bates in ‘n bestorwe boedel is uitgesluit van kapitaalwinsbelasting.

  1. Bates vir persoonlike gebruik (met sekere uitsonderings);
  2. Bates bemaak aan die langslewende eggenoot;
  3. Bates bemaak openbare voordeel organisasie;
  4. Diem opbrengs van lewens versekerings polisse, belange in voorsorg of annuïteit fondse, belange in pensioenfondse ;
  5. Die eerste R2 miljoen ten opsigte van die primêre woning;
  6. Die eerste R750, 000 ten opsigte van klein sake bates;

Geld eenhede, uitgesluit goud en platinum munte.

Hierdie artikel is ‘n algemene inligtingstuk en moet nie gebruik of staatgemaak word op as professionele advies nie. Geen aanspreeklikheid kan aanvaar word vir enige foute of weglatings of vir enige verlies of skade wat voortspruit uit vertroue op enige inligting hierin nie. Kontak atyd jou finansiële adviseur vir spesifieke en gedetailleerde advies.